Average Swiss rent barely rises over 7 years

by
Investec
My articles My booksMy videos
Follow on:Twitter

© Sergey Novikov | Dreamstime.com

Recently published data show that close to 60% of households in Switzerland rented their home at an average cost of CHF 1,329 per month in 2017.

Average monthly rents ranged from CHF 752 for a studio up to CHF 2,323 for 6 rooms or more.

The average household size in Switzerland was 2.23 people in 2017. 35% lived alone and a further 33% were two people. Only 19% were comprised of four people or more.

The highest average monthly rent was in the canton of Zug (1,837) and the lowest in Jura (907). In Geneva and Vaud average monthly rent was CHF 1,416 and CHF 1,330. In Zurich and Basel it was CHF 1,550 and CHF 1,241 per month.

Average rent per square metre across the country in 2017 was CHF 15.9, with the highest rates charged in Zug (19.5), Geneva (18.7), Zurich (18.6) Basel (17.2) and Vaud (17.1). The cheapest canton per square metre was Jura (11.0).

Average rent across the country rose by CHF 45 per month from CHF 1,284 to CHF 1,329 over the seven years from 2010 to 2017. This comes out at an annual average rise of 0.5%.

Cantons with the biggest average annual average rent rises over the seven years to 2017 were Valais (1.2%), Vaud (1.1%), Geneva (0.9%) and Zug (0.8%). Rents in Zurich and Basel rose at annualised rates of 0.6%  and 0.5% over the seven year period. Some cantons saw declines. Rents fell at annualised rates of 1.4% and 0.1% in Appenzell Innerrhoden and St. Gallen.